During the investment period, the pre-loss of new energy vehicles exceeded 6 billion yuan. How many odds does Evergrande have?

It is no news that Evergrande will become a new energy vehicle, especially xu teacher's grandiose words of "becoming the largest and strongest new energy vehicle group in the world within 3-5 years" have been echoing in our ears. In recent days, news about Evergrande has been searched again.

On March 30th, the 20 19 annual performance report released by Evergrande Health showed that the company's annual turnover in 20 19 was 5.64 billion yuan, up 80.2% year-on-year. Gross profit was 65.438+89 billion yuan, up 64.3% year-on-year; The net profit loss was 4.95 billion yuan, of which the net loss of new energy automobile business was 33. 1 billion yuan. Compared with the net loss of 20 18142.8 billion yuan, the health loss of Evergrande in 20 19 further expanded.

As for the reasons for the loss, Evergrande Health said that it was mainly due to the expansion of the new energy vehicle business, which was in the investment stage, and the related expenses and interest expenses such as purchasing fixed assets and equipment, research and development increased. Pan, chief financial officer of Evergrande Health, also said, "This state (referring to losses) is staged and temporary. The automobile industry has a long industrial chain and a long payback period. It is normal for the company to have temporary operating losses at the initial stage of expansion. The company is full of confidence in the future development of the new energy vehicle business. "

Is it inevitable to burn money by building a car?

It is said that building a car burns money, and the new forces burn more money. If the image describes the degree of burning money, it is: traditional car-making enterprises burn money just like the fuel consumption of performance cars, while new forces build cars with high fuel consumption due to oil leakage.

New head-mounted car brands such as Tesla and Weilai have suffered losses year after year since their establishment, and Evergrande can't avoid this hurdle. The data shows that Wei's losses from 20 16 to 20 18 were 35180,000 yuan, 7.562 billion yuan and 23.328 billion yuan respectively. With the loss in 20 19 years, Wei's loss in these four years may exceed 50 billion yuan. In addition, since 2003, although Tesla has made profits for several quarters, it has been losing money continuously for 16 years, with a cumulative loss of more than $5 billion.

It can be said that building a car is an industry that burns money. New forces need to consume a lot of cash to build cars, and strong financing ability is one of the necessary conditions for success. From this perspective, Evergrande has obvious advantages in the field of new energy vehicles. "Behind Evergrande Health is Evergrande Group, with total assets of 2 1 trillion and annual sales scale exceeding 600 billion. We have sufficient financial strength to invest in new energy vehicle business. " Pan said at the performance conference, "We believe that the investment will definitely pay off."

According to the financial report, Evergrande Health earned 660 million yuan from new energy vehicles in 20 19, including 588 million yuan from lithium battery sales, 65.796 million yuan from technical services and 6.29 million yuan from auto parts sales, with no vehicle sales revenue. It is worth mentioning that NEVS, which announced mass production last year, is high-profile? 93, not only failed to contribute to sales, but also unexpectedly disappeared into Evergrande's product planning sequence.

Evergrande Health Announcement shows that its first new energy vehicle "Hengchi 1" is scheduled to be unveiled this year, and the full range of Hengchi products will be mass-produced from 20021. The production bases in Guangdong and Shanghai will be completed in the second half of 2020 and put into production in 202 1, with the planned production capacity of 200,000 vehicles in the first phase. When referring to the report data of the new energy vehicle business, Pan also said, "By 202 1, our report data will be significantly improved after the mass production of Hengchi's full range of products."

Evergrande is "not short of money" and throws hundreds of billions to catch up with the progress of building cars.

At present, new energy vehicles are indeed an area that has formed fierce competition in the early stage of burning money, but everyone is looking forward to the future. According to the forecast data of authoritative international consulting organizations, it is estimated that the sales volume of electric vehicles in China will exceed 4 million in 2025 and 9 million in 2030, with great development potential.

Evergrande, which started from real estate, is not the first "layman" to enter the field of car making, but it is the one with the biggest action. According to statistics, Evergrande has invested more than 300 billion yuan in the new energy vehicle business. The acquisition of controlling shares of NEVS, Kangnai New Energy, Tate Electromechanical and other companies, the global open recruitment of 8,000 top experts and technical elites in the new energy automobile industry, and the plan to invest 45 billion yuan in 20 19-202 13 all show that Evergrande is "not short of money".

Evergrande reserves the research and development technology and mass production capacity of new energy vehicles in the shortest time through the "buy-in-buy" with great fanfare, and quickly shortens the gap with other car companies. Xu Jiayin has publicly stated that Evergrande, as a real estate enterprise, should "buy from buy buy" when entering the new energy automobile industry, because it doesn't need people or technology.

Indeed, such a large investment can shorten the gap with other car companies, but the sequela is that it can't make ends meet, which will make Evergrande lose money for a long time. In addition, the production car has not yet finally appeared, which will make the situation full of more uncertainty. Of course, we are not denying Evergrande's determination and strength to build a car, but objectively speaking, although Evergrande has played a big game, these investments are really just the beginning for building a car.

From building houses to building cars, can Evergrande succeed? No one can give an answer now, but at least Evergrande has the "big backer" of Evergrande Group and sufficient financial support, which may be the key factor to realize Xu Jiayin's "car dream".

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.